I have some Buying Power in my Vested account. I am currently trying to put few GTT limit buy orders. However, every GTT buy order blocks the required buying power, which creates an issue, because it does not allow me to put all my GTT buy orders in required quantities. The indian brokers (likes of Zerodha), does not have such restriction. I can place many GTT buy orders, even without any money deposited in my account. Why does Vested works this way and is there a way to work around this?
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It clearly looks like a faulty algorithm. Instead of blocking funds at gtt creation, it should create or reject an order based on fund adequacy post the trigger condition being met.
Or else there should be good enough technical reason why it has been implemented the way it is.